Earn up to a $200 sign-up bonus with Blue Cash cards from American Express

Blue Cash cards from American Express

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American Express has increased the sign-up bonuses for Blue Cash Preferred and Blue Cash Everyday cards by $50 each. Now, new Blue Cash Preferred cardholders can earn $200 cash back after spending $1,000 in the first three months, and new Blue Cash Everyday cardholders earn $150 after spending $1,000 in the first three months. See the other card changes in the charts below.

Blue Cash Preferred card updates at a glance:

BLUE CASH PREFERRED CARD CHANGES
  Previous offer Updated offer
Sign-up bonus $150 cash back after $1,000 spend in the first 3 months $200 cash back after $1,000 spend in the first 3 months
Introductory APR None 0% intro APR on purchases and balance transfer for 12 months
Annual fee $0 first year, then $95 $95

As you can see, the Preferred card ended its limited-time annual fee promotion, which offered the first year of card membership for free. However, the $50 sign-up bonus increase along with not charging an interest rate on purchases or balance transfers during the first year can help offset the $95-annual fee.

Blue Cash Everyday card updates at a glance:

BLUE CASH EVERYDAY CARD CHANGES
  Previous offer Updated offer
Sign-up bonus $100 cash back after $1,000 spend in the first 3 months $150 cash back after $1,000 spend in the first 3 months
Introductory APR 0% intro APR on purchases and balance transfers for 12 months 0% intro APR on purchases and balance transfer for 15 months

In addition to continuing to offer no annual fee, the Blue Cash Everyday card now offers a $150 sign-up bonus. The card also increased its 0 percent introductory APR period to 15 months on purchases and balance transfers – a long time period for a cash back card.

Which card is better?

Along with a higher sign-up bonus, the Blue Cash Preferred card offers a higher rewards rate than that of the Blue Cash Everyday card – which may make the Preferred card seem like the obvious choice.

But, since the Preferred card includes a $95 annual fee, you may be wondering: Is the Preferred card really the best value? Check out our side-by-side comparison below to see for yourself.

COMPARING BLUE CASH PREFERRED AND EVERYDAY CARDS
  Blue Cash Everyday
Blue Cash Everyday
Blue Cash Preferred
Blue Cash Preferred
Rewards rate
  • 3% cash back at U.S. supermarkets (up to $6,000 in purchases per year, then 1%)
  • 2% cash back at U.S. gas stations and select department stores
  • 1% cash back on general purchases
  • Terms apply
  • 6% cash back at U.S. supermarkets (up to $6,000 in purchases per year, then 1%)
  • 3% cash back at U.S. gas stations and select department stores
  • 1% cash back on general purchases
  • Terms apply
Sign-up bonus
$150 after $1,000 spend in first 3 months $200 after $1,000 in first 3 months
Annual fee
$0 $95
Introductory offer 0% APR on balance transfers and new purchases for 15 months 0% APR on balance transfers and new purchases for 12 months
Estimated value in first year ($15,900 spend) $411 $504

Even with its high annual fee, we believe that the Preferred card offers a better value over the Everyday card.

Based on an average consumer’s spending on gas, groceries and department stores, we estimate that you can earn $504 of cash back on $15,900 of spend with the Blue Cash Preferred card in the first year. This takes into account the annual fee, the $200 sign-up bonus and cash back earned in all spending categories.

With its smaller sign-up bonus and half as much cash back on grocery purchases, the Blue Cash Everyday card’s average earnings add up to $411 in the first year – that’s $93 less than the Preferred card’s earnings.

Once you’ve completed the first year of card membership, the difference in value between the two cards is closer, but the Preferred card still wins. Without the benefit of the sign-up bonuses, the Preferred card offers $304 of value on average, while the Everyday card only offers $261 – a difference of $43.

For the majority of cardholders who are committed to using the card, the $95 annual fee for the Blue Cash Preferred card is worth it – both in the short and long term.

See related: Special offer: Blue Cash Preferred waives annual fee for first year, The AARP card from Chase doubles its sign-up bonus to $200

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy


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Updated: 11-20-2017